V Square Quantitative Management LLC Has $262,000 Position in PG&E Co. (NYSE:PCG)

V Square Quantitative Management LLC boosted its position in PG&E Co. (NYSE:PCG) by 22.7% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 13,254 shares of the utilities provider’s stock after buying an additional 2,449 shares during the period. V Square Quantitative Management LLC’s holdings in PG&E were worth $262,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently added to or reduced their stakes in PCG. Sumitomo Mitsui DS Asset Management Company Ltd grew its position in shares of PG&E by 8.7% during the 3rd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 226,696 shares of the utilities provider’s stock worth $4,482,000 after purchasing an additional 18,085 shares in the last quarter. Bleakley Financial Group LLC grew its position in PG&E by 2.7% during the third quarter. Bleakley Financial Group LLC now owns 41,806 shares of the utilities provider’s stock worth $827,000 after buying an additional 1,111 shares in the last quarter. nVerses Capital LLC bought a new position in PG&E during the 3rd quarter worth $1,066,000. Teilinger Capital Ltd. acquired a new position in PG&E in the 3rd quarter valued at $13,839,000. Finally, Creative Planning lifted its position in shares of PG&E by 22.5% during the 3rd quarter. Creative Planning now owns 136,364 shares of the utilities provider’s stock valued at $2,696,000 after acquiring an additional 25,006 shares during the period. Institutional investors own 78.56% of the company’s stock.

PG&E Trading Up 0.5 %

Shares of PCG stock opened at $20.38 on Monday. The company has a quick ratio of 0.86, a current ratio of 0.90 and a debt-to-equity ratio of 1.99. The firm has a market capitalization of $58.68 billion, a P/E ratio of 18.20, a P/E/G ratio of 1.55 and a beta of 1.01. PG&E Co. has a twelve month low of $15.59 and a twelve month high of $20.65. The stock’s fifty day simple moving average is $19.55 and its 200 day simple moving average is $18.37.

PG&E (NYSE:PCG) last released its quarterly earnings data on Thursday, July 25th. The utilities provider reported $0.31 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.30 by $0.01. PG&E had a return on equity of 11.76% and a net margin of 10.22%. The company had revenue of $5.99 billion during the quarter, compared to the consensus estimate of $5.86 billion. During the same quarter in the prior year, the firm posted $0.23 earnings per share. The firm’s revenue was up 13.2% compared to the same quarter last year. As a group, sell-side analysts predict that PG&E Co. will post 1.36 EPS for the current fiscal year.

PG&E Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Monday, September 30th were paid a $0.01 dividend. The ex-dividend date of this dividend was Monday, September 30th. This represents a $0.04 annualized dividend and a dividend yield of 0.20%. PG&E’s dividend payout ratio is 3.57%.

Insider Activity at PG&E

In other PG&E news, VP Stephanie N. Williams sold 38,601 shares of the company’s stock in a transaction dated Thursday, August 15th. The stock was sold at an average price of $18.32, for a total value of $707,170.32. Following the sale, the vice president now owns 19,114 shares in the company, valued at approximately $350,168.48. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. 0.15% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on PCG shares. Bank of America began coverage on PG&E in a research note on Thursday, September 12th. They issued a “buy” rating and a $24.00 price target for the company. Barclays upped their price target on shares of PG&E from $22.00 to $23.00 and gave the stock an “overweight” rating in a report on Tuesday, July 30th. UBS Group lifted their price objective on shares of PG&E from $24.00 to $26.00 and gave the company a “buy” rating in a research note on Tuesday, September 3rd. Morgan Stanley upped their target price on PG&E from $19.00 to $20.00 and gave the stock an “equal weight” rating in a research note on Wednesday, September 25th. Finally, Wells Fargo & Company boosted their price target on PG&E from $21.00 to $22.00 and gave the stock an “overweight” rating in a report on Friday, July 26th. Three equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat.com, PG&E currently has a consensus rating of “Moderate Buy” and a consensus target price of $22.00.

PG&E Company Profile

PG&E Corporation, through its subsidiary, Pacific Gas and Electric Company, engages in the sale and delivery of electricity and natural gas to customers in northern and central California, the United States. It generates electricity using nuclear, hydroelectric, fossil fuel-fired, fuel cell, and photovoltaic sources.